Verizon Wireless

2389 US 23 South, Alpena, MI

$895,000

Price

7.5%

Cap Rate

$67,100.04

NOI

Overview
Cap Rate
7.5%
NOI
$67,100.04
Building Size
2,684 sqft
Lot Area
0.43 acres
Description

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Alpena is the only city and county seat of Alpena County in the U.S. state of Michigan. The population was 10,483 at the 2010 census. After Traverse City, it is the second most populated city in the Northern Michigan region. The city is surrounded by Alpena Township, but the two are administered autonomously. It is the core city of the Alpena micropolitan statistical area, which encompasses all of Alpena County and had a total population of 28,360 at the 2010 census.

Located at Thunder Bay along the shores of Lake Huron, the Thunder Bay National Marine Sanctuary is located in the city. The population swells with many visitors and tourists during the summer months. MidMichigan Health, which is a federally-designated rural regional medical referral center, is the largest employer in the city.

Highlights
  • Double Net Lease | Minimal Landlord Responsibilities
  • Recently Exercised 5 year Lease Renewal Option
  • Corporate Guarantee | BBB+ Rating by S&P
  • In 2010 Building was Completely Remodeled Inside and Out | Parking lot, Concrete sidewalks, windows, Doors, Cement Board Siding and New Roof
  • Average Household Income within 5-Mile Radius Exceeds $57,495
  • National Tenants Surrounding the Immediate Area Include: McDonalds, Arbys, Big Lots, Gordon Foods, Dunham's, Joann Fabrics, O'Reilly Auto Parts and Much More

Location
Gallery